ACCOUNTING CONCEPTS 0.0 / 5 AccountingAccounting conceptsASAQA Created by: chloebuckbyCreated on: 14-09-15 10:41 3721564 Across 1. business and the owner have different identities (7) 4. the lower of the cost and NRV (8) 5. items grouped together (11) 6. no personal opinions should help valuations (11) 7. the business is more than likely going to continue trading (5, 7) Down 2. once the concept is chosen it should not change (11) 3. should be recorded in the year they take place (8)
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